Assignment 1: Discussion—Depreciation
By the due date assigned, respond to the following in the Discussion Area below:
- Discuss how an asset’s cost is determined as well as the two methods of depreciation discussed in your readings.
- Provide an example of an asset that would be depreciated and demonstrate how the expense would be calculated and reported on the financial statements.
Be sure to cite any sources using APA style. You may use this APA Citation Helperas a guide.